Jersey minister welcomes rejection of income tax hike

Philip Ozouf said the 20% rate was key to Jersey's financial success

Jersey's treasury minister has welcomed the decision of politicians not to increase the income tax rate for the island's wealthier residents.

Deputy Geoff Southern had proposed the 20% flat rate be raised to 30%, but members voted against the change by 39 votes to 12.

Senator Philip Ozouf said the 20% flat rate had been the foundation of Jersey's financial success.

The vote to retain it sent out a message of stability, he added.

Mr Ozouf said the government would now be concentrating on attracting new business and jobs for the island.